Saad Ullah
⬤ Dogecoin (DOGE) is holding strong above a critical weekly support level that's sparked major rallies in previous cycles. DOGE continues to respect this rising trend line, and traders are watching closely to see if this setup could launch another significant move higher. This trend line has been a key feature of Dogecoin's long-term price structure.
⬤ The history here is pretty striking. After touching this same support level in the past, Dogecoin posted gains of 86.77%, 210.52%, and 442.48%. Right now, the market looks similar to those earlier periods, with DOGE consolidating tightly along the rising support. If momentum follows past performance, the chart shows a potential path toward $1 - which would mean a 611.80% surge from current levels.
⬤ Recent market action has kept DOGE in a tightening range, with volatility compressing as price tests this long-standing support. The weekly chart shows that every time price has touched this upward trend line, buyers have stepped in. Despite broader market pressure in recent months, holding this multi-year support has prevented deeper drops and kept Dogecoin's long-term uptrend intact.
⬤ This support level matters because it's shaping expectations for DOGE's next major move. Continued strength here could shift sentiment toward a more bullish medium-term outlook, while a decisive break below would change the technical picture. For now, this support structure remains the key focus for traders watching Dogecoin's potential trajectory.
Saad Ullah
